$SBUX Starbucks Corp continue to buy what your selling. Entry level above resistance $89.39 = Target price $93.13
The company sees great value in their stock as the continue to buy back stock at the current levels and in particular on the most recent dip.
Average analysts price target $95 | Overweight
P/E ratio 30
Company profile
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The company brands include Evolution Fresh, Teavana, Tazo Tea and Seattle's Best. Starbucks was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.
SBUB34 trade ideas
$SBUX JP Morgan upgrades Starbucks Entry level $88.20 with target at the golden pocket at approx $92.50
JP Morgan upgrades the stock to overweight from neutral.
P/E ratio 28
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The company brands include Evolution Fresh, Teavana, Tazo Tea and Seattle's Best. Starbucks was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.
RBB to be formed in SBUXSBUX was one of the better performers in the overall market. The long term trend is positive and the short term trend is neutral. On a yearly perfomance, it beat 71% of 57 stocks in the eating and drinking industry.
On the daily basis chart, we are starting to see a rounded bottom pattern to be formed recently. Basically, with a rounded bottom, the pattern is formed when stock falls to find a bottom then trades in a tight range, and the price starts to turn higher. Now, this is where you need to pay attention if you are looking to use this pattern.
Based on the Fib Retracement I draw from the chart, there is a resistant line at 87.54 that signals a interim pullbakcs may occur. And there is also a support line below the current price that also overlaped with the red uptrending line and middle band of Bollinger which I think could be a decent entry to go long for SBUX, a stop order could be placed below this zone.
Besides the ATR indicator indicates the volatility of SBUX has been compressed lately showing a diminishing on the risk, and uptrending directional index(+DI) keeps on strenthening its momentum to the upward. On the sector side, SBUX related consumer staples is rising but not on high optimism over past few trading session also gives a plus to SBUX.
Becky Is Back -- SBUX ST DEC 6 gambleMeet some half strangers at a round table for coffee over the holidays. The people from high school who you are trying to avoid but cant seem to miss when you return home.. Where to meet? SBUX.
They announced some Irish cream drink today; makes your mouth water saying it... too bad I dont buy the overpriced drinks myself!
I took a weekly neutral/bullish position on SBUX via a put credit spread at the 84.5 and 84 strikes for a credit of .2 for the DEC 6 Strike
PoP was .6636 Kelly says max weighting of 15%
I used a weighting of 5%
GL HF
xoxo
snoop
SBUX - Can we push upwards?This is just a potential outlook. We'll be waiting for price to approach resistance #1
If price can break through resistance #1 , we'll enter buy positions to targets at resistance #2 . If price can further break resistance #2 and turn that into new support, there is a good chance that we can see SBUX continuing upwards to its previous highs.
SBUXSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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Harmonic gartley pattern SBUX (STARBUCKS) 1dNASDAQ:SBUX
Harmonic chart patterns were developed by H. M. Gartley in 1932 and published in his book, Profits in the Stock Market. The Gartley pattern, or Gartley 222 pattern, is one of the most popular harmonic patterns to predict a continuation of a prevailing trend. While it’s similar to the AB=CD pattern, the Gartley pattern contains one more leg.
Target is 103
Stops below 90
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